DeHaan Does Not Expect Much Change For 2020 Fuel Prices

Oil prices for the past couple of weeks, really months, have been flat kept in check by a balance of good and not so good economic news.  With the exception of a few outliers, oil prices have hovered in the mid $50 a barrel range for much of the later portions of 2019.

 

What is the expectation for oil and fuel prices as we look to a New Year?

 

Patrick DeHaan with Gasbuddy.com said they are not expecting major record to be set in the coming year.  He noted the anticipation is 2020 will look very similar to 2019.

 

“With potential volatility as we saw this year.  A lot of the issues that we saw this year, are still going to be around for next year, those include geopolitical tensions between the U.S. and Iran, and of course a strong economy, may bolster prices in the year ahead.”

 

As far as diesel prices are concerned, the national average held steady in the past week, just below $3.00 a gallon, Washington’s average feel over three cents to $3.46 a gallon, Oregon’s price dropped six cents a gallon to $3.35, and Idaho trimmed four cents a gallon from the statewide average, coming in a $3.40.

As far as the lowest local prices are concerned:

  • $3.19 a gallon in the Tri-Cites
  • $3.35 a gallon in Pullman/Moscow
  • $3.14 a gallon in Lewiston/Clarkson
  • $3.25 a gallon in Wenatchee
  • $3.49 a gallon in Ephrata
  • $2.99 a gallon in Quincy
  • $3.49 a gallon in Moses Lake
  • $3.33 a gallon in Pendleton
  • $3.45 a gallon in Walla Walla
  • $2.99 a gallon in Yakima

 

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